Hello,
I am interested in buying a vending machine for DVD rentals. I have few questions:-
1) Can you get a title or owner receipt when you buy the machine? I mean how do you legally who is the actual owner of the machine?
2) If I place this machine in a gas station. Should I get a seperate insurance or include the machine in the existing insurance of the store? (Im not the owner of the store).
Thanks in advance.
Is receipt is the only thing that you need to be the legal owner of the machine? Is there any form of registeration required for the vending machines?
If the machine is around 20K, I need to have insurance on it.
Anpadh says
Your question is confusing. If you are buying a new machine, obviously, you will have the receipt for your purchase. If you are taking over the ownership of a machine that has alreadybeen placed, you would have a receipt from the seller and a contract with the place where the machine is placed. As far as I know, the machines are not very expensive (less than $5,000.00) Insuring them is really pointless, unless you have more than one.